Sixth Street Specialty Lending to sell notes via three bookrunners

By Mary-Katherine Stinson

Lexington, Ky., Aug. 7 – Sixth Street Specialty Lending, Inc. is offering fixed-rate notes, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will have a make-whole call option followed by a par call option.

The notes will become putable at par plus interest if there is a change-of-control purchase event.

BofA Securities, Inc., J.P. Morgan Securities LLC and SMBC Nikko Securities America, Inc. are the bookrunners.

Computershare Trust Co., NA will be the trustee.

Sixth Street will be advised by Cleary Gottlieb Steen & Hamilton LLP, Proskauer Rose LLP and Morris, Nichols, Arsht & Tunnell LLP. The same firms will also work on behalf of Sixth Street Specialty Lending Advisers, LLC, the issuer’s external manager.

Ropes & Gray LLP is representing the bookrunners.

Proceeds will be used to pay a portion of the company’s revolving credit facility, totaling $1.71 billion in commitments as of June 30.

Sixth Street Specialty Lending is the direct credit investment platform of the global investment firm Sixth Street, which is based in Dallas.

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